Blockchain Worx and WandX Crypto Exchange Partner For Creating Token Baskets
Blockchain Worx and the Crypto Exchange WandX is Enabling Users in Creating Tradable Tokens
A Singapore based crypto startup platform referred to as WandX, has just announced the strategic partnership they have just gotten into with the advisory and regtech venture blockchain Worx. The partnership was established to aid in the development of new products within the crypto market.
With the partnership in place, both of the companies will be able to create a themed pick and trade, which is a token basket with the use of the WandX’s proprietary protocol.
In May 2018 is when the very first Basket Protocol was launched, which has been able to enable the creation of composite basket of tokens with the use of an Ethereum smart contract. The basket itself has been designed to be tradeable in just one go. Other than enjoying the cost-effective benefits in the platform, it will also allow the various individuals plus institution users to be in a position to balance their crypto holdings.
But this is not all as it is able to promote a seamless token portfolio creation and still able to offer smart risk management.
Two Token Baskets Have Been Made Available
At the moment two token baskets have been made available, it is comprising of a curated crypto exchange token and the decentralized crypto exchange tokens. What is very impressive about the WandX’s basket protocol is the ability it has to blend with the emerging digital assets that are on the blockchain technology.
It is also incorporated with the best practices that are in the traditional financial instruments; it is to ensure it creates a ready to invest crypto token portfolio, this is on the self-executing smart contract.
According to Abhinav Ramesh, who is the CEO of WandX noted that they are glad for the partnership they have gotten into. With the use of the Blockchain Worx it will be able to create one of the best and also first baskets in the market, which will enable the crypto users the ability to buy in the Crypto Exchange Tokens plus the decentralized Exchange Tokens.
Additionally, the co-founder and also the CEO of Blockchain Worx, Floyd DCosta states that there is a growing interest within the digital assets. It is from the institutional and individual’s investors who are eagerly looking for different ways they could also participate in the token economy.
The token basket has been designed to offer investment managers plus the everyday folks a much more straightforward and also structured approach that will be able to start building an adequate portfolio of the crypto tokens.
WandX and the Blockchain Worx will be doing much more in improving their services; this is from curating the baskets of the security tokens so expect to see these services evolving over the next few months. Thus, it will be in a position to create an ecosystem that has been designed to support smart and new instruments that can be used in the crypto trading.
This is not all as earlier this year the Blockchain Worx become an Approved Sponsor Firm that is part of the GBX, referred to as the Gibraltar Blockchain Exchange.